Tradeweb Markets is a world leader in building and operating electronic over-the-counter marketplaces. Since 1998 the company has helped transform the way that business gets done in the fixed income and derivatives markets. Tradeweb’s position as the hub of fixed income and derivatives electronic trading has been made possible through a longstanding partnership with the industry. More

Tradeweb U.S. Cash Credit Volumes Surpass $11.8 billion in November

Wrapping up a record year-end, Tradeweb
announced a 371% year-over-year increase in U.S.
institutional cash credit volume to more than $11.8 billion in November,
following record trading in each of the last two months. Ranked as the second
largest electronic cash credit trading platform in the U.S. by Greenwich
Associates, our credit platforms accounted for 2.8%
of overall U.S. corporate bond volume, and 12%
of trades executed in November, according to TRACE data.

Speaking about the news, Tradeweb President, Billy Hult said, “Tradeweb is a
compelling electronic alternative that makes it faster and easier to find the
other side of your trade for both odd-lot trades and larger orders.”

Overall
U.S. credit volume grew 124% to more than $79 billion, including credit default
swaps (CDS), and international credit volumes rose by 52% to more than $63
billion.

Building on a diverse range of trading
protocols Tradeweb also plans to launch advanced all-to-all trading
functionality for U.S. corporate bonds in the first half of 2017. The new tool
will increase traders’ flexibility in how they can source liquidity from both
buy- and sells-side participants on our platform.

Commenting on the record volumes and launch
of the new functionality, Tradeweb CEO, Lee Olesky noted, “The growth across
our platform demonstrates that the industry benefits from multiple ways to
access credit liquidity, and the addition of all-to-all trading will provide a
comprehensive set of trading protocols to the cash corporate marketplace.”